Organisation of Petroleum Exporting Countries (OPEC): oil pricing

This file concerns the Organization of the Petroleum Exporting Countries (OPEC) oil prices, 1976. It contains correspondence relating to:

• A report by the Organisation for Economic Co-operation and Development (OECD) containing the latest information on the mechanisms for and disbursement of OPEC's economic assistance, based on visits to the Kuwait Fund for Arab Economic Development (KFAED) and Arab Fund for Economic and Social Development (AFESD) in Kuwait, as well as the UAE and Iran. It includes additional information and figures on the Iranian Ministry of Economic Affairs and Finance and the Iranian Organisation for Investment, Economic and Technical Assistance
• The assistance of the International Monetary Fund (IMF) to the OPEC Fund for International Development in establishing technical criteria for balance of payments support
• A Saudi Arabian request for Overseas Economic Intelligence Committee report OEIC (75) 28; and discussion of the draft report OEIC (76) 17 entitled 'OPEC since September 1975'
• The dispatch from Ambassador J A Ford to Foreign Secretary Anthony Crosland on the 47th ministerial conference of OPEC held in Bali, Indonesia, 27 to 28 May 1976
• The report by Walter J Levy on OPEC up to 1980 and beyond for the European Commission
• A letter from Ambassador D J McCarthy to S L Egerton on the position of the UAE at Bali
• The fanning of divisions between Saudi Arabia and others as a means of weakening OPEC and potential differences over Iraqi 'meddling' in the Yemen Arab Republic (YAR), Libyan 'meddling' in Sudan, and the complicity of both states in the attack on OPEC in Vienna
• The UK Permanent Representative on the North Atlantic Council John Killick's acceptance of an invitation to participate in the second conference on 'Britain and America: Problems and Opportunities' organised by the Ditchley Foundation at the Seven Springs Centre, New York
• A report by Levy on 'Saudi Arabia's Approaching Choice', OPEC and the world oil market
• A notice about an OAPEC seminar in Tokyo, Japan reported in the OAPEC News Bulletin.